In the above table, when the firm employs 3 workers, the marginal product will be

A decrease in the discount rate ________ bank reserves and ________ the federal funds rate

A) increases; raises B) increases; lowers C) decreases; raises D) decrease; lowers

If the price of oil goes up by 50% and the quantity demanded goes down by 25%, the absolute value of the price elasticity of demand is

A) 0.25. B) 0.50. C) 0.75. D) 1.00.